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Technology continues to infiltrate every aspect of global business. Not a day goes by where the impact of platforms like Amazon, Facebook etc, isn’t felt by those in the asset management industry. The fact is, investor habits are rapidly changing and the way they choose to invest is beginning to mirror the way they use technology to support all other aspects of their lives, from shopping online to algorithms providing recommendations, personally curated to them, on Netflix.
European private equity firm Capzanine has invested in Horizon Software (Horizon), becoming a majority shareholder alongside Horizon’s CEO, Sylvain Thieullent, and its management team, to support organic and global growth.
From its inception in 1998, Horizon has worked with investment banks in the design of its first electronic trading platform. Today, with 90 clients in 26 countries and connectivity to over 70 exchanges, multi award-winning Horizon provides advanced trading technology for investment banks, brokers and hedge funds.
Horizon’s trading platform provides immediate access to a comprehensive range of features and the ability to execute sophisticated strategies and workflows through
Eze Castle Integration (ECI), a managed service provider to the financial industry, has secured a significant investment by an affiliate of HIG Capital (HIG).
Founded in 1995, Eze Castle Integration has more than 650 clients and offices across the United States, United Kingdom and Asia. The company has built a reputation in managed services and cloud solutions for the financial industry; “ECI’s global white glove service and its highly scalable and secure cloud infrastructure and platform create a differentiated end-to-end solution that is indispensable for its clients’ daily operations,” says Todd Ofenloch, Managing Director at HIG “We look forward
Cryptocurrency firm ThinkCoin, a specialist subsidiary of brokerage ThinkMarkets, has partnered with GMEX Group, a provider of exchange and post-trade solutions.
GMEX’s Fusion platform combines GMEX’s traditional centralised trading systems, which are currently live in multiple exchanges and post-trade venues, with the latest blockchain technology offering the best of both worlds for exchanges, clearing-houses and other institutions.
GMEX Fusion’s suite of capabilities will be combined with the TradeConnect multi-asset trading network, using ThinkCoin, the bespoke digital trading token unit of exchange.
GMEX Fusion will be integrated with TradeConnect’s mobile and web front ends to deliver options for both
The Depository Trust & Clearing Corporation (DTCC) has elected two new members to its Board of Directors – Claudine Gallagher, Americas Regional Head for the Securities Services business of BNP Paribas, and Joseph Molluso, Executive Vice President and Chief Financial Officer of Virtu Financial.
At BNP, Gallagher is responsible for the strategic development of the region, spearheading its client and product development. She serves on senior committees throughout the Bank, including the Executive Committees of the BNP Paribas Americas Territory and of BNP Paribas Securities Services.
Molluso helped lead the process that enabled Virtu to become a public company
PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 156.0 TWh in May 2018 which represented a year-to-year growth of 11 per cent (May 2017: 140.7 TWh).
The Dutch delivery zone TTF remained the dominant hub on PEGAS with an overall volume of 89.6 TWh, followed by the German NCG and Gaspool hubs with a total of 30.1 TWh. The Austrian CEGH VTP market area had a strong showing with 11.1 TWh, including 4.8 TWh on the derivatives segment, making it again the most liquid hub behind the TTF on the curve.
Spot trading
Societe Generale has reached agreements with the DOJ and the CFTC to resolve, as part of their industry-wide investigations on interbank offered rates benchmarks, the matter of Societe Generale’s submissions from 2005–2012 for setting certain London Interbank Offered Rates and the Euro Interbank Offered Rate (IBOR matter).
These agreements also resolve the DOJ’s investigations regarding violations of the US Foreign Corrupt Practices Act (FCPA) in connection with historical conduct involving Libyan counterparties, including the Libyan Investment Authority, as well as the investigation opened by the PNF regarding violations of French anti-corruption laws in connection with the same conduct (Libyan matter).
New Bitcoin and cryptocurrency platform, Bitcoin.live, is now up and running, offering new ways for investors to learn about the cryptocurrency sector.
Focused on providing insight and educational tools from leading analysts within the industry, with the end of goal of helping subscribers to improve their trading portfolios, Bitcoin.Live will cater to all cryptocurrency traders, as well as those with little to no experience. The educational platform is now able to provide subscribers the opportunity to understand and learn tricks and tips on crypto trading.
Offering a wealth of information through a series of blog posts, interactive discussions, webinars,
Hedge funds were overall flat this week, emphasising their appealing profile in the current environment, according to the latest weekly brief from Lyxor’s Cross Asset Research team.
The Italian stress mainly hurt CTAs, hit in their long bonds. L/S Equity funds also suffered from derisking, in line with their cautious exposure. By contrast, Event Driven, away from the epicentre, proved resilient.
Markets will have to go on dealing with multiple uncertainties, including concerns about the continued integration of the eurozone, trade fears, a potential revival of risk linked to Iran later in the year, disappointing economic data everywhere apart
Christoffer Folkebo has now assumed the role as CEO of Carneo Asset Managers (Carneo), formerly known as Caram.
Folkebo joins Carneo from Max Matthiessen where he has served as Group CEO for the past 12 years. During those years, Max Matthiessen developed from a local insurance broker into a well-managed, growing and profitable financial services firm and became a part of the global company Willis Towers Watson. Folkebo has extensive experience from the finance sector and is an acknowledged leader.
“We welcome Christoffer to Carneo and look forward to supporting his efforts to grow Carneo Asset Managers in
